Mullen Automotive Inc (MULN) News

The GEM Group Lawsuit:

“The Company has accrued $30 million as a probable settlement expense as of September 30, 2024 (in addition to $7 million that has been paid earlier).“

“ As a result of the impairment test for goodwill pertaining to MTI retail business, the Company has recognized impairment loss in amount of $1.2 million in the statement of operations for the year ended September 30, 2024. The impairment was recorded mainly due to the uncertainty of future funding required to support business operations”

So they basically wrote off the entire “investment” in purchasing MTI from Michery.

LOL.

“During the year ended September 30, 2024, we recorded a loss of $15.6 million to write the inventories down to net realizable value (Mullen commercial segment) - mainly due to excess raw materials and slower-moving inventory”

And yet the leadership of the “Automotive Division” appears to still be completely intact.

A negative gross margin…lol.

That takes a special talent.

MULN: In their PR, the MULN CEO admonished all interested parties to the effect that MULN does NOT sell EV vehicles at the RETAIL level!!! Instead, they sell to COMMERCIAL EV vehicle firms like Taxi Cab, Police, Fire Department outfits, etc.!!! And don't you forget that!!! (Heck, MULN, can I buy 200 EV trucks at the WHOLESALE level???)

Real funny when the dreamers show up on this board with posts showing optimism for $MULN. These guys refuse to believe any warnings about this company and its 💩CEO. Most of us have been dealing with Mullen for as much as 3 years and have lost varying amounts of money to the blatant lies and broken business promises.
It's interesting when you click on some of these posters' names to see the stocks they follow and post on, just for curiosity's sake. It's very telling. Why can't people see Mullen Automotive $MULN for what it really is. I hope I wasn't this naive when I first started!

$MULN With the multiple RS's dating back to 4May23, a split-adjusted 41,911,641,000,000 shares issued. Almost 42 TRILLION SHARES. With Mullen's 💩CEO and his complicate 💩BOD holding controlling shares in the company, I think we all know how the vote on 31Jan25 will go. One of the highest paid CEOs in America!!!

Shorts trying hard 

Only lost $1425.60 per share.

Sounds like a winner

dirty Dave is a wordsmith.them #s are horrendous

never see 1 dollar off this PR...never.....final PUMP before next reverse split

Holy chit!!! LOSERS!!! They think that Mullen is going somewhere! Wheeeeee 🤡 All I here is Frankie singing "Send in the clowns!"

The net loss attributable to common shareholders after preferred dividends and other capital transactions with preferred stock owners was $471.0 million, or $1,425.6 net loss per share, for the twelve months ended Sept. 30, 2024, as compared to a net loss attributable to common shareholders after preferred dividends of $964.9 million, or $157,405 loss per share, for the twelve months ended Sept. 30, 2023, (giving effect to reverse stock split made effective on Sept. 17, 2024, at a ratio of 1-for-100 shares).

and the final PUMP before the next R/S

$1 in progress 

MULN: And HERE's their PR --- fresh off the grill.
https://finance.yahoo.com/news/mullen-reports-improved-2024-financial-211500259.html

weeeee!

MULN: Flyin' in the Post-M right now, behind improved FINANCIALS!! (Heck, we've all been 'MULN'-this-one-over, for much too long now!!! No pun intended.)

MULN: REVERSE SPLIT ON FEB 3 2025 LMAO !!!

up 10% ..what lies did the fraudster put out? whens the 1-100 r/s?

The REVERSE SPLIT is expected to occur on Monday Feb 3rd 2025......as the "SPECIAL MEETING" aka SCAM-a-CON aka RIG-a-VOTE hustle is being held on Jan 31, 2025.....so....SPLIT IT and SPLIT IT FAST right after the SCAM VOTE gets entered to the SEC EDGAR system.....

https://ih.advfn.com/stock-market/NASDAQ/mullen-automotive-MULN/stock-news/95219620/form-def-14a-other-definitive-proxy-statements


MULLEN AUTOMOTIVE INC.
1405 Pioneer Street
Brea, California 92821

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
To Be Held on January 31, 2025
9:30 A.M. (Pacific Time)

Proposal 1 - To approve an amendment of the Company’s Second Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of the Company’s outstanding common stock at an exchange ratio between 1-for-2 to 1-for-100, as determined by the Company’s Board of Directors; and



DIRTY DAVE probably put out some shit-speak scam "PR" about:
"WE SHIPPED a single unit of a Bollinger Tin Can Scam Enema Hauler shit mobile to Syria were a yet to be named dealer plans to sell it to local roving gangs. It includes a 50 cal mount and we expect exciting things to come once the fire power of the Bollinger shit mobile gets some real time field use".... no money changed hands and we don't expect any actual "sale" to take place, but we're issuing this PR in hopes to allow me, CEO DIRTY DAVE to create liquidity to dump more of my insider shit shares.....stay tuned....

How many EX BUD LIGHT TIN CAN SCAM VANS are still rusting-out at DIRTY RANDY MARIONS local scrap metal and toxic waste yard - funny, we don't see anymore PUMP THE SHIT fake "shows" coming from the DIRTY RANDY MARION clown show any longer.....bet those ass hats caught a visit from The FEDS....as they sure as hell shut their yap and the Stocktwit CLOWN McQuigley aka PAID RANDY PROMOTER stopped posting his daily and weekly photo snaps of all the shit mobiles rusting-out at RANDY'S PLACE......

MICHERY indicted yet??

up 10% ..what lies did the fraudster put out? whens the 1-100 r/s?

Thanks I hadn't heard about Trump.

IG

Nahhhhh! It's been long proven that $MULN has the cockroach gene in its DNA. 💩DM will continue to milk this pig!!!

$MULN $.00001 coming

$MULN Total Debt (mrq) $17.3M

Dave ain't the type of dirtbag to donate to anyone other than himself and his gang.

Maybe the auditor is having difficulty trying to put an asset value on the MULN vans that have been rotting away on the Randy Marion lots for a couple of years. As several here have pointed out, vehicles that sit for an extended period of time tend to have a multitude of problems, from tires to batteries. At this point they may be total write offs.

Auditor having some issues?

“Expected”…lol…Michery just can’t help himself. Tries to spin everything as favorably as he can…even when nothing is actually favorable.

Wonder what the hold up is? Auditor having some issues?

The usual $MULN/SEC/NASDAQ dance! SMDH!!!

Mullen Receives Expected Nasdaq Notice Regarding Delayed Form 10-K
January 22 2025 - 5:10PM

via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle manufacturer, today announces that it received an expected notice (the “Notice”) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2024 (the “Form 10-K”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

About time!!! Just like 💩DM, their scumbag CEO raped the shareholders in a self-enrichment scheme. Him and 💩DM must've gone to the same business school!

Posted Apr 2, 2024 At 2:56 AM CDT
Jess Weatherbed

Canoo is paying CEO’s other company millions in private jet fees.According to Canoo’s latest earnings, the struggling EV startup spent $1.7 million on private jet reimbursements for CEO Tony Aquila in 2023, against the $886,000 in revenue it generated that year.
A further $1.3 million and $1.8 million in 2022 and 2021 respectively, was paid to Aquila Family Ventures for the jet hires — a company owned by the CEO.
Canoo is paying CEO’s other company millions in private jet fees.

EV CEO Spent Twice the Company’s Revenue on Private Jets

Canoo spent double its annual revenue on the CEO’s private jet in 2023

He didn't donate enough as Trump is revoking the EV incentives and subsidies.  ( not that anyone took advantage of them on a Mullen...)

I was helping expose two scams that were connected via Robert Hipple and it took the SEC a couple of years before the case was adjudicated and it was Civil.

Generally it takes the DOJ longer for a criminal case.

TK, posted about Nasdaq not providing any help to investors as they don't want to lose their listing fees.

To get the attention of the SEC/DOJ it takes a concerted effort to contact as many congressional members or Senators as possible.

Don't provide any hyperbole in your report - and post proof of everything you in your report.

One example is Hardge and the Magic Blackbox - and how Michery was using the Blackbox to pump MULN.

Just going through the press releases should be enough but it would help to have the TK breakdown of the share structure and dilution.

This is one case that needs to be prosecuted.

But one problem could be how much Michery donated to Trump.

IG

LOL !! Naw, toss him in jail with the crackheads.

NO argument from me on that one - just be sure to bury the key in some old mine shaft about 150 miles away in the CA high desert :)

We can all send DIRTY DAVE some "jail-care" packages of brand name smokes and candy bars and things to "trade" ...for "good times"... inside the joint.

I could care less if the dude rotted in there and was never heard from again - he's "earned" it, 100% fa sure.

https://www.yahoo.com/news/finance/news/ev-startup-canoo-files-bankruptcy-014127576.html

Naw, toss him in jail with the crackheads.

Well....This ceo isn't in jail yet?
I may open a company selling dog poop and dilute it 10 times to watery diarrhea just like this POS company.
Back below .10 cents in a month

Operative word in that statement being ....."YET".....patience grasshopper.......

Also...."JAIL"....jail is where the local police toss drunks and low level dirtbags for a night in the "tank"....etc....

Where DAVID MICHERY and his dirty ilk go....it's PRISON......big moocho difference between "jail"...and "prison".....

DIRTY DAVID MICHERY is a violator of federal law(s)....thus....the BIG GREASER...aka THE FAT MAN..... is even taking it up a notch...he's going to be looking at FEDERAL COURT and FEDERAL CRIMES and thus one day FEDERAL PRISON....not even the local ..."county jail"....where you can do a few yrs of semi serious time for certain crimes....FEDERAL BIG BOY PRISON for DIRTY DAVE.....

Goes like this:

Local city jail...punks...nickle dime meth heads doing a day or two....petty crimes...local crimes that make bond/bail....etc....

County jail....you get drug dealers, serious gang bangers, assault, theft, robbery, burglary ...grand theft like stealing autos....etc

State PRISON....murderers...any violent crime at a felony level...all other state level felonies...multi time felons w/ "strikes" against them.... etc...

Federal PRISON.....crimes that cross state lines like serial murderers...bank robbery crimes in more than one state...money crimes across states...organized crime such as mafia or high level gangs...human trafficking......crimes hunted by 3 ltr agencies such as the FBI..ATF...Marshals ....etc...crimes prosecuted by the DOJ aka federal Department Of Justice ......crimes that violate federal laws and statutes....

And...and ....especially.... "white collar crimes".... committed across state lines and involving "securities" aka stocks.... AND..... anything using the phones and/or mail....which today includes the internet etc....all those = FEDERAL prison system....:))



Federal court....FEDERAL prison....and for non-violent federal criminals.....aka securities fraud.....what is often called CLUB-FED....they serve their time usually at ex military bases and similar ....."camp"....facilities.....the biggest "punishment"...usually.... is to have THE FEDS take their ill gotten monies....

AND...if possible....use the IRS and other agencies to literally hound them to their graves if they ever earn so much as 10 cents ever again...and label them Ex-CONS ....so they're lucky to clean toilets until they leave this earth.........

This ceo isn't in jail yet?
I may open a company selling dog poop and dilute it 10 times to watery diarrhea just like this POS company.
Back below .10 cents in a month

MULLEN is functionally bankrupt…at least from the perspective of the stock price.

The stock price has actually done worse than what you might see in any sort of bankruptcy.

$MULN: EV SCAM "CANOO" FILES BK LOL !!

MULN-a-CON is up NEXT......BK is in the wind....like a DIRTY DAVID MICHERY bad bout... of passing stink gas........

https://www.zerohedge.com/markets/another-one-bites-dust-ev-startup-canoo-files-bankruptcy

CANOO-a-DOO-DOO even had a "semi legit" dude who knew EV cars....BUT.....played the SAME DIRTY DAVE-a-SCAM handbook....using private jets...spending cash on scam "Manufacturing plants" ...and "Facilities" .....blah blah....

NONE...of which were even needed let alone were they actually making shit like they claimed....ALL...a Fugazi-a-CON.... same as what DIRTY DAVE is doing with MULN-a-CRIME .....this here dilution mill share printing hustle......

Canoo, founded in 2017 by ex-Faraday Future executives, initially focused on modular EVs and advanced tech, even attracting interest from Apple. After going public, CEO Tony Aquila shifted focus to commercial fleets and frequently changed manufacturing plans, including unfulfilled moves to Arkansas and Oklahoma.

Aquila's financial firm profited from Canoo, collecting payments for office space, a corporate jet, and loans secured by company equipment. Signs of trouble grew in 2024, with office closures, layoffs, and customer deposit refunds. Canoo ultimately declared bankruptcy, ending its turbulent run.



Which comes first.....DIRTY DAVE GETS INDICTED ....or....BK IS FILED BY MULN-a-CRIME.....this is not a trick question kids......:))

++++++++++++++++++

They are having a problem figuring out the fair market value of all the junk parked at Randy's..

MULN is now a delinquent SEC filer.

Ha! I didn't look closely 🤣

lol! I guess the Mullen “Strikingly Different” tours are truly over.

Nice find!

https://www.truckpaper.com/listing/for-sale/240726287/2022-kentucky-53-ft-x-102-in-enclosed-car-carrier-trailers-semi-trailers

Evening here, but not too late to cash in for an outdoor seatbelt

You're now realizing that 💩DM is and has been a criminal scumbag💩? Regulars on this board are well aware of all his tricks. 🤢His mere existence turns my stomach!!! Funny he doesn't work on Capitol Hill.

Good morning wayne. It is rumored that MULN is giving away a free outdoor seatbelt to every long term shareholder in gratitude.

Yea, he even screws his colleagues, but not himself....

Insider Trading & Ownership - Michery David>>>
"Shares are not adjusted for stock split."


https://www.secform4.com/insider-trading/1570518.htm

criminal that POS greasy prick michery

Look at the split adjustment column.>>>

https://fintel.io/sn/us/muln